What does the Uniform Electronic Transactions Act (UETA) allow regarding signatures?

The Uniform Electronic Transactions Act (UETA) recognizes and validates the use of electronic signatures in transactions, ensuring that they can meet the requirements set forth in the Statute of Frauds. This Act provides a legal framework that grants electronic signatures the same legal standing as traditional handwritten signatures, thereby allowing parties to enter into contracts and other legal agreements through electronic means without losing the enforceability of their signatures.

UETA's intent is to facilitate electronic commerce and assure that electronic signatures satisfy legal requirements. This means that if a law requires a signature to validate a document, an electronic signature can suffice, provided it meets the necessary criteria of being intentional and associated with the record.

The other options do not accurately reflect the provisions of UETA. It does not eliminate the need for signatures entirely, nor does it impose a requirement that all transactions must be conducted electronically. Additionally, notarization remains a separate requirement that can be fulfilled through electronic means in some jurisdictions, but UETA itself does not mandate electronic notarization. Therefore, the correct answer highlights the law's ability to ensure that electronic signatures can fulfill existing legal standards, promoting efficient and modern methods of conducting transactions.